Peer Assessment is a joke as evidenced by the Clemson debacle (errr - debate) going on right now.
Check articles in Inside Higher Ed
News: 'Manipulating,' Er, Influencing 'U.S. News' - Inside Higher Ed Quote:
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And to actual gasps from some members of the audience, Watt said that Clemson officials, in filling out the reputational survey form for presidents, rate "all programs other than Clemson below average," to make the university look better. "And I'm confident my president is not the only one who does that," Watt said.
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That's the way to up your school's peer assessment! Game the system by ranking everyone, even Harvard, below yours!!